BENIN: TRANSIT TRADE AND EUROBOND REVENUES BOOST AN ALREADY POSITIVE ECONOMIC OUTLOOK

   Wed, 13 March 2024

Following a successful return to the international bond market earlier this year, Benin now seeks to benefit from the lifting of regional sanctions on neighbouring states in the Sahel. The opening of the Niger-Benin oil pipeline in particular will support Benin’s efforts to diversify from its cotton-based economic model, with further investments planned in the Port of Cotonou to scale up transit trade and the expansion of the knowledge economy. The threat of civil unrest is muted until the next electoral cycle in 2026, although Benin will require additional military and security support to curb insurgency risks in northern regions in the meantime.

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